Journal article

JUE Insight: How Do Cities Change When We Work From Home?

Year:

2022

Published in:

Journal of Urban Economics
working from home
urban agglomeration
traffic congestion
real estate prices
welfare gains

How would the shape of our cities change if there were a permanent increase in working from home? We study this question using a quantitative model of the Los Angeles metropolitan area featuring local agglomeration externalities and endogenous traffic congestion. We find three important effects: (1) Jobs move to the core of the city, while residents move to the periphery. (2) Traffic congestion eases and travel times drop. (3) Average real estate prices fall, with declines in core locations and increases in the periphery. Workers who are able to switch to telecommuting enjoy large welfare gains by saving commute time and moving to more affordable neighborhoods. Workers who continue to work on-site enjoy modest welfare gains due to lower commute times, improved access to jobs, and the fall in average real estate prices.

Other publications by

17 publications found

2024
Working paper

Amenities in Quantitative Spatial Models

Publisher: SSRN

Authors: Andrii Parkhomenko, Amanda Ang, Daniel Angel

2024
Working paper

Time Use and City Size

Publisher: SSRN

Authors: Andrii Parkhomenko, Seongmoon Cho

2022
Working paper

Effective And Feasible Mechanisms To Support Ukrainian Researchers And Students At Risk: Opportunities, Challenges And Pitfalls

Publisher: OSF

Authors: Andrii Parkhomenko, Karishma Chhugani, Alina Frolova, Yuriy Salyha, Oksana Zlenko, Sanita Reinsone, Walter W. Wolfsberger, Oleksandra V. Ivashchenko, Megi Maci, Dmytro Dziuba, Eric Bortz, Fyodor Kondrashov, Paweł P. Łabaj, Veronika Romero, Jakub Hlávka, Taras K. Oleksyk, Serghei Mangul

2023
Journal article

Scientists Without Borders: Lessons From Ukraine

Publisher: GigaScienc

Authors: Andrii Parkhomenko, Walter W. Wolfsberger, Karishma Chhugani, Khrystyna Shchubelka, Alina Frolova, Yuriy Salyha, Oksana Zlenko, Mykhailo Arych, Dmytro Dziuba, Volodymyr Smolanka, Zeynep H Gümüş, Efe Sezgin, Alondra Diaz-Lameiro, Viktor R Toth, Megi Maci, Eric Bortz, Fyodor Kondrashov, Patricia M Morton, Paweł P. Łabaj, Veronika Romero, Jakub Hlávka, Serghei Mangul, Taras K. Oleksyk

2018
Journal article

Managers And Productivity Differences

Publisher: Review of Economic Dynamics

Authors: Andrii Parkhomenko, Nezih Guner, Gustavo Ventura